Emerging Media (IPL) Limited Filleted accounts for Companies House (small and micro)

EMERGING MEDIA VENTURES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06436253

Emerging Media (IPL) Limited

Filleted Unaudited Financial Statements

31 December 2019

Emerging Media (IPL) Limited

Financial Statements

Year ended 31 December 2019

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Emerging Media (IPL) Limited

Statement of Financial Position

31 December 2019

	2019		2018
Note	$	$	$

Current assets

Debtors	5	1	1
Cash at bank and in hand		120,296	184,122
		---------	---------
		120,297	184,123

Creditors: amounts falling due within one year	6	132,472		194,627
		---------		---------
Net current liabilities			12,175	10,504
			--------	--------
Total assets less current liabilities			( 12,175)	( 10,504)
			--------	--------
Net liabilities			( 12,175)	( 10,504)
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 12,176)	( 10,505)
	--------	--------
Shareholders deficit	( 12,175)	( 10,504)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 December 2020 , and are signed on behalf of the board by:

Mr M K Badale	Mr C S Mindenhall
Director	Director

Company registration number: 06436253

Emerging Media (IPL) Limited

Notes to the Financial Statements

Year ended 31 December 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scale Space 1st Floor, 58 Wood Lane, London, W12 7RZ, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. Going Concern The financial statements have been prepared on the going concern basis as the directors will ensure that the company can meet it's debts as they fall due until 12 months of the balance sheet date.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the period, including the directors, amounted to 2 (2018: 2).

5. Debtors

	2019	2018
	$	$
Other debtors	1	1
	----	----

6. Creditors: amounts falling due within one year

	2019	2018
	$	$
Trade creditors	1,393	–
Other creditors	131,079	194,627
	---------	---------
	132,472	194,627
	---------	---------

7. Related party transactions

At the year end the company owed $3,721 (2018: $3,866) to companies associated through common control and/or directorship in respect of fees paid on the companies behalf.